Vanadium Market Update (May 16, 2013)

The price of ferrovanadium has risen in China and Europe and slipped in the United States, according to Metal-Pages data.

In China, a supply shortage of vanadium pentoxide — the raw material used to make ferrovanadium —  has buoyed the price of 50-percent ferrovanadium to between RMB 79,000 (US$12,833) and 81,000 ($13,158) a tonne. The previous range was RMB 78,000 ($12,670) to 80,000 ($12,995) per tonne.

In the United States, the spot price for ferrovanadium ranges from $13.25 to $14.40 a pound for 78- to 82-percent ferrovanadium, from a previous range of $13.25 to $14.50 a pound.

Metal-Pages said few transactions have been reported in the US, with demand for noble alloys other than ferrotungsten generally diminished.

In Europe, 78- to 82-percent ferrovanadium is trading between 27.75 and 28.25 euros. The previous range was 0.45 percent lower, at 27.50 to 28.25 euros.